---
title: "Unsecured Business Overdraft — Westpac"
description: "Overdrafts from Westpac. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/westpac/products/UnsecuredBusinessOverdraft
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-19T08:58:34Z
---

# Unsecured Business Overdraft — Westpac

> Overdrafts from Westpac. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Overdrafts**

Now it's quick and easy to apply for unsecured funds to expand your business.

## At a glance

- **From:** 13.71% (Variable)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable | 13.71% | — | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Monthly Line Fee — Charged monthly · Monthly Line Fee: 1.50% p.a. (of total limit) charged at the beginning of the month. Other fees may apply. | Ongoing | 1.5% of balance |
| Lending Establishment Fee — Discount −$250.00 — This fee is waived for new customers (eligibility: Other: Special offer: $0 establishment fee for a limited time, you?ll pay $0 establishment fee when you add a Business Overdraft to a business transaction account or top-up your existing Business Overdraft. This could save you up to $1,500 on a new overdraft limit of $250,000, or $750 on an overdraft top-up of $250,000. Offer is available for applications received and approved between 7 April 2026 and 30 Sep 2026. New limit or Top-up of up to $1m.) | Upfront | $250.00 |

## Features

- **Special offer: $0 establishment fee for a limited time, you?ll pay $0 establishment fee when you add a Business Overdraft to a business transaction account or top-up your existing Business Overdraft. This could save you up to $1,500 on a new overdraft limit of $250,000, or $750 on an overdraft top-up of $250,000. Offer is available for applications received and approved between 7 April 2026 and 30 Sep 2026. New limit or Top-up of up to $1m.**
- **No security - There?s no need to use assets to secure the loan.**
- **Pay for what you use - Only pay interest on the overdraft amount you use.**
- **Quick access - Overdraft limit of up to $250k for when you need it.**
- **Flexible repayments - No fixed time frames or need for regular repayments.
**
- **Extra repayments** (Subject to terms and conditions, this product includes extra repayment features.)
- **Relationship management** (Relationship management is available for eligible customers.)

## Eligibility

- **Minimum turnover** — $75,000.00 p.a. (Turnover more than $75k annually and be registered for GST)
- **Minimum age** — 18 years (An Individual 18 years and above)
- **Residency status** — Domiciled in Australia
- **Business customers** (Be a business entity and require the funding wholly or predominantly for business purposes)
- **Meet the credit criteria and credit policy requirements under an applicable offer for this product. **
- **Hold a Westpac business transaction account in the same name that you will use to apply  **
- **Business customers** (Have traded for at least 12 months with a valid ABN or ACN )
- **Business customers** (Be operating as a sole trader, partnership, trust or company (if the company is a sole director company, the sole director must also be the sole company secretary). Guarantees may be required)
- **Have less than $1.5m in business lending with Westpac**
- **Have ATO payments, loan repayments and employee entitlements (including super) up to date**
- **Not foresee a decline in business revenue that would affect the payment of business liabilities**
- **Not be a franchisee, SMSF or charity**
- **Tell Westpac about all your accounts and liabilities, so we have a complete and accurate view of your business's financial position**
- **In the past 30 days, have not taken up any additional business lending with any financial institution. The overdraft will be used for business purposes only and will not be used to refinance any other lending**
- **Not use the overdraft to start a business, fund a property development or to purchase residential property.**

## Constraints

- **Minimum limit** — $5,000.00
- **Maximum limit** — $250,000.00

## More information from Westpac

- [Overview](https://www.westpac.com.au/business-banking/business-loans/small-business-loans/unsecured-business-overdraft/)
- [Terms & conditions](https://www.westpac.com.au/business-banking/business-loans/small-business-loans/unsecured-business-overdraft/)
- [Eligibility](https://www.westpac.com.au/business-banking/business-loans/small-business-loans/unsecured-business-overdraft/)
- [Fees & pricing](https://www.westpac.com.au/business-banking/business-loans/small-business-loans/unsecured-business-overdraft/)

## Data provenance

- Published by Westpac under the Consumer Data Right
- Product ID: `UnsecuredBusinessOverdraft`
- Last updated by the provider: 19 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/westpac/UnsecuredBusinessOverdraft
- Provider page: https://www.cdrcompare.au/brands/westpac
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000002

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/westpac/products/UnsecuredBusinessOverdraft) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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